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20121124
20121124
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? president obama in the third debate with mitt romney promising to sequester those across the board cuts to spending to kick in january 1st will not happen. and to avoid the fiscal cliff, sequestration is on the table, and some think-- and okay, james, so, 500 billion dollars in defense already built in to cut. then sequester would cut another 500 billion over ten years, and why should republicans go along with that? >> because, this is really their only leverage on president obama, and i think that as congressman jordan has said, the only thing worse than a defense cut is no cut at all. what you get with the sequester is defense, but also cuts in the social-- >> another 500 billion dollars in domestic discretionary, too. >> right, and it adds up to about 100 billion in 2013. i think you will find that president obama will go a long way to avoid those roughly 44 billion in cuts this year, to social programs and i think if you want to get a deal out of him with meaningful reform on spending or tacks, this is, this is the key leverage point and if it happens, it happens. >> and you get som
look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no, i'm not, and then imagining that somehow i've got that trillion in my pocket all of a sudden. it's not real money. most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and answer to americans who
who else thought that, president obama. in the lame duck of december, 2010, those were his act words in the rose garden why we need today extend the bush tax cuts. >> alisyn: stick around for a minute because 2016 is right around the corner and is jeb bush really considering a run for president? we're going to-- >> what's so funny? >> and we'll ask in two minutes, stick around. >> imagine in 2016, it's clinton versus bush. will jeb bush run for the republican nomination. >> i think he could give it
Search Results 0 to 2 of about 3